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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (75645)	8/29/2001 5:24:22 AM
From: Enigma	Respond to of 116764

Nopar? There's no point flogging this dead horse over and over again - the hedging horse. And all the conspiracy theories which go with it. But how do you know if the price is going to go up or down? $272 might seem a very good price a year from now - one hopes not, but it's possible. Hedging in its purest form, and G*d knows how complex it has become, takes the price factor out of the equation when looking to the short term future, in other words one variable is removed. But back to Nopar??

To: gold$10k who wrote (75645)	8/29/2001 9:45:37 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116764

Carrying on a dialogue with the nomas king is counterproductive. He is a shill for the Canadian mining industry and appears periodically under a new banner to spout his wisdom on the gold market. He is a promoter for recognized dog stocks like barrick who he has had a previous affilliation with. His ideas on hedging as a protective feature of the producers for pricing of their product has resulted in an enormous amount of additional gold being released to the market thru forward sales and the development of new production at a time when production should be reduced. He does not distinquish between the forward sale program of gold and every other commodity. He is a true representative of the banking arm of the heavily hedged producers. He is here to provide an acceptable climate for additional hedging at some point when gold has risen above its current trading range. When this is accomplished he will disappear, and the members of this board will sink into a deeper state of dispair as gold suffers another failed palooka rally. Unfortunately, when the producers need a sophist to spin their bs, he will reappear as the jinx. Ken

To: gold$10k who wrote (75645)	8/29/2001 11:21:25 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116764

VT...nosmoking is our out proprietary GPM thread indicator, kinda like Hutch-tied for worst dresser category. Ken's summary of NK's new incarnation is all too accurate and erred on the side of civility. To answer your question re: investing in hedged producers, you'd have to go back a ways and read some of NK's old boring stuff to see that he believes everything Barrick, his former accounting [data entry position?] employer has put out re: THEIR hedges. Of course, everyone now knows that ABX hedges don't stink like everyone else's hedges smell, b/c THEIR hedges are different, and have an escape hatch in them big enough to drive nosmo king's nosmo nuclear sub thru it, so that ABX can participate in any and all POG rallies should POG deign to move higher in the foreseeable future. And that, vt , is "why" in a nutshell. gold_tutor